Payment giant Visa announces the launch of stablecoin advisory services

Payments giant Visa announced the launch of a stablecoin advisory service designed to help fintech companies, banks, and other businesses develop and implement stablecoin strategies. The service already serves dozens of institutions, including the Navy Federal Credit Union, VyStar Credit Union, and a financial institution called Pathward. Visa stated that the service will assist businesses in developing stablecoin businesses from strategic planning, technical operations, and implementation deployment perspectives. Its clients' stablecoin applications cover cross-border transactions (especially remittances to countries with volatile currencies) and inter-business transactions. After consulting with Visa, some companies may proceed with stablecoin initiatives, while others may determine that there is currently no customer demand. The company expects the service's client base to expand to several hundred. (Fortune)